Akemona becomes member of FINRA

From: RegTech Analyst

Digital securities company Akemona has registered with the US Securities and Exchange Commission (SEC) and is now a member of the Financial Industry Regulatory Authority (FINRA).

This means that Akemona may have become the first smart contract-based funding portal to achieve this distinction. Akemona allows qualified businesses to raise funds by offering and selling zero-coupon bonds as digital securities on its platform.

Akemona is set up to provide efficiencies in the digital trading not provided by traditional securities trading. The firm argued that traditional securities trading involves a lot of complex post-trading processes businesses do not have to deal with when trading with digital securities.

“Digital Securities can be traded 24×7 and are settled immediately, providing full transparency of trade and pricing,” said Ravi Srivastava, founding partner at Akemona.

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